Stifel Reiterates Buy on Marvell Tech, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has reiterated a Buy rating on Marvell Technology (NASDAQ:MRVL) and increased the price target from $90 to $95.
August 30, 2024 | 1:37 pm
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Stifel analyst Tore Svanberg has reiterated a Buy rating on Marvell Technology and increased the price target from $90 to $95, indicating confidence in the company's future performance.
The reiteration of a Buy rating and an increased price target from a reputable analyst can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100